Paris, France | AFP | French oil giant Total said Monday it has agreed to sell its remaining stake in a Norwegian oil field to Kuwait so that it can focus on its recent acquisition of Denmark’s Maersk Oil. “Total has signed an agreement to divest its remaining 15-percent interest in …
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Performance of the economy likely to determine profitability going forward Kampala, Uganda | JULIUS BUSINGE | Dfcu bank’s net profit more than quadrupled to Shs 114bn for the six months ending June 30 after the acquisition of Crane Bank but analysts remain cautious on whether the bank will maintain the …
Read More »Paris, France | AFP | UEFA opened a formal investigation into Paris Saint-Germain on Friday after the French club broke the world transfer record to sign Neymar. European football’s governing body said it would look at whether PSG had violated its Financial Fair Play (FFP) rules. “The investigation will focus …
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San Francisco, United States | AFP | Microsoft on Friday announced that a major update to its Windows operating system will be released globally on October 17. Release of Windows 10 “Fall Creators Update” will come the same day that Windows Mixed Reality headsets powered by the software hits the …
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Shanghai, China | AFP | China Construction Bank, one of the country’s “big four” financial institutions, reported a moderate first-half profit rise and improving asset quality as a government crackdown on bad debt kicked in. The bank’s earnings were posted Wednesday night, hours after China’s three other big state-owned lenders announced …
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San Francisco, United States | AFP | Ordering pizza from the sofa without lifting a finger has joined the list of modern-day conveniences thanks to a hot trend in voice-commanded smart speakers. Amazon, Apple and Google are duking it out with devices designed to sit out of sight in homes, awaiting …
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Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation reduced from 5.7% for the year ended July 2017 to 5.2% for the year ending August 2017, representing a 0.5 percentage point drop, Uganda Bureau of Statistics announced on Aug. 31. The statistics body attributed the drop to the decline in …
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Kampala, Uganda | COMMENT | UGANDA MEDIA CENTRE | As Uganda Revenue Authority (URA) strives to improve customer service under the Modernisation Programme, using client centred approaches, there are several fragmented processes handled in different locations. URA incurs a lot of expenses on communication and travel between the various offices to …
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Kampala, Uganda | JULIUS BUSINGE | Uganda Breweries Limited (UBL) has asked government to create a fair operating business environment by urgently banning alcohol sold in sachets. Speaking at a media roundtable with business journalists in Kampala on August 30, Mark Ocitti, the managing director of UBL said some unregulated dealers …
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Moscow, Russia | AFP | President Vladimir Putin’s spokesman on Wednesday confirmed that the Kremlin last year received an email from a lawyer working for then-presidential candidate Donald Trump about building a Trump Tower skyscraper in Moscow. Putin’s spokesman Dmitry Peskov told journalists that the Trump Organization’s chief counsel at the …
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The Independent Uganda: You get the Truth we Pay the Price